Question

There are two purposes for the mission statement. The first is to provide guideposts for the business. The second is to _______.

a) Outline organizational hierarchy
b) Define specific profit margins
c) Clarify company policies
d) Fill in the missing information

Answer 1

A mission statement's second purpose is to inspire and motivate stakeholders, providing a clear vision of the organization's goals and strategic direction.

Step-by-step explanation:

The second purpose of a mission statement is to serve as a tool to inspire and motivate stakeholders such as employees, managers, and customers. It outlines the company's goals and strategic direction, providing a clear vision of what the organization is striving to achieve.

While it does not specifically outline organizational hierarchy, define profit margins, or clarify company policies directly, it can indirectly guide these aspects by setting the tone and direction of the company's culture and priorities.

Therefore, the correct answer to fill in the missing information is to inspire and motivate stakeholders.